TAYIF (Taiyo Holdings Co) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 33% Above Median


TAYIF Taiyo Holdings Co Ltd TAYIF
58 GF Score
Price $31.32
GF Value $15.59
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Taiyo Holdings Co Piotroski F-Score?

Taiyo Holdings Co TAYIF 58 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TAYIF with a GF Score™ of 58/100 and a GF Value™ of $15.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,566 Chemicals companies, Taiyo Holdings Co ranks better than 97.45% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Taiyo Holdings Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Taiyo Holdings Co's Piotroski F-Score or its related term are showing as below:

TAYIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Taiyo Holdings Co was 8. The lowest was 4. And the median was 6.

Taiyo Holdings Co  (OTCPK:TAYIF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Taiyo Holdings Co Piotroski F-Score Related Terms


Taiyo Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taiyo Holdings Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Taiyo Holdings Co Piotroski F-Score Chart

Taiyo Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 7.00 8.00

Taiyo Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 0.00 0.00 8.00

TAYIF vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Taiyo Holdings Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taiyo Holdings Co Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiyo Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Taiyo Holdings Co's Piotroski F-Score falls into.


TAYIF
58GF Score
Taiyo Holdings Co Ltd TAYIF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was $151.3 Mil.
Cash Flow from Operations was $193.7 Mil.
Revenue was $868.7 Mil.
Gross Profit was $425.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1288.24 + 1272.527) / 2 = $1280.3835 Mil.
Total Assets at the begining of this year (Mar25) was $1,288.2 Mil.
Long-Term Debt & Capital Lease Obligation was $259.0 Mil.
Total Current Assets was $649.8 Mil.
Total Current Liabilities was $254.1 Mil.
Net Income was $72.3 Mil.

Revenue was $798.4 Mil.
Gross Profit was $376.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1420.057 + 1288.24) / 2 = $1354.1485 Mil.
Total Assets at the begining of last year (Mar24) was $1,420.1 Mil.
Long-Term Debt & Capital Lease Obligation was $314.6 Mil.
Total Current Assets was $657.5 Mil.
Total Current Liabilities was $254.9 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Taiyo Holdings Co's current Net Income (TTM) was 151.3. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Taiyo Holdings Co's current Cash Flow from Operations (TTM) was 193.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=151.315/1288.24
=0.1174587

ROA (Last Year)=Net Income/Total Assets (Mar24)
=72.314/1420.057
=0.05092331

Taiyo Holdings Co's return on assets of this year was 0.1174587. Taiyo Holdings Co's return on assets of last year was 0.05092331. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Taiyo Holdings Co's current Net Income (TTM) was 151.3. Taiyo Holdings Co's current Cash Flow from Operations (TTM) was 193.7. ==> 193.7 > 151.3 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=258.995/1280.3835
=0.20227924

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=314.563/1354.1485
=0.23229579

Taiyo Holdings Co's gearing of this year was 0.20227924. Taiyo Holdings Co's gearing of last year was 0.23229579. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=649.819/254.067
=2.55766786

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=657.518/254.875
=2.57976655

Taiyo Holdings Co's current ratio of this year was 2.55766786. Taiyo Holdings Co's current ratio of last year was 2.57976655. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Taiyo Holdings Co's number of shares in issue this year was 111.203. Taiyo Holdings Co's number of shares in issue last year was 111.608. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=425.352/868.721
=0.48963016

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=376.948/798.416
=0.4721198

Taiyo Holdings Co's gross margin of this year was 0.48963016. Taiyo Holdings Co's gross margin of last year was 0.4721198. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=868.721/1288.24
=0.67434717

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=798.416/1420.057
=0.56224222

Taiyo Holdings Co's asset turnover of this year was 0.67434717. Taiyo Holdings Co's asset turnover of last year was 0.56224222. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Taiyo Holdings Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Taiyo Holdings Co (TAYIF) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taiyo Holdings Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Taiyo Holdings Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Taiyo Holdings Co ranks #40 out of 1566 companies in the Chemicals industry, placing it in the top 2.6%.
Is Taiyo Holdings Co's Piotroski F-Score too high?
Taiyo Holdings Co's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Taiyo Holdings Co's value of 8 is 60% above this industry median. Based on the distribution chart, Taiyo Holdings Co ranks #40 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Taiyo Holdings Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiyo Holdings Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiyo Holdings Co ranks #40 out of 1566 companies for Piotroski F-Score. This places Taiyo Holdings Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Taiyo Holdings Co's value of 8 is 60% above this benchmark. Historically, Taiyo Holdings Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Taiyo Holdings Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiyo Holdings Co's current Piotroski F-Score of 8 is 60% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taiyo Holdings Co and its competitors. For the Chemicals industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiyo Holdings Co's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiyo Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Taiyo Holdings Co (TAYIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.59, compared to a current price of $31.32 — trading 100.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Chemicals industry median of 5.00. Taiyo Holdings Co's overall GF Score™ is 58/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Taiyo Holdings Co (TAYIF), the current Piotroski F-Score is 8 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Taiyo Holdings Co (TAYIF) Overvalued in 2026?

Based on GuruFocus' analysis, Taiyo Holdings Co stock appears to be overvalued. The current stock price of $31.32 is trading 100.9% above its estimated GF Value™ of $15.59. GuruFocus considers Taiyo Holdings Co to be Significantly Overvalued.

Key valuation signals for TAYIF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $15.59 vs. price of $31.32 (100.9% above fair value)
  • GF Score™: 58/100 with 1 warning sign
  • Industry Position: 60% above the Chemicals median (#40 of 1566)

No single metric tells the full story. See the TAYIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiyo Holdings Co Business Description

Other Exchanges 4626:Japan
Address 1-11-1 Nishi-Ikebukuro, 16F, Metropolitan Plaza Building, Tokyo, JPN, 171-0021
Taiyo Holdings Co Ltd is a Japan-based chemical manufacturing company. The company through its subsidiaries is engaged in the manufacturing and sales of Printed Wiring Board materials and chemical products for use in the electronic components and electronics industries. The firm divides its business into two segments: Electronics Materials and Medical and Pharmaceuticals. It is composed of four reportable segments divided by geographic area, namely Japan, China, Taiwan, Overseas, other and Korea.
58GF Score

Get the complete analysis for TAYIF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.32
Price
$15.59
GF Value